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Compare and contrast the following forms of business organization: sole proprietorship, partnership, and corporation.
Focus Question: What is a Sole Proprietorship, a Partnership, and a Corporation and how do they differ?
Topics on the Page
Overview of Business Organizations
See Special Topic Page about
The Trump Organization and Donald Trump's Financial Holdings
The Cathedrals of Wall Street, Florine Stettheimer, 1939
Here is a more in-depth look at
here for the same for
to read about the advantages and disadvantages of different business structures.
Business Simulation Games for Teaching about Economics
including Coffee Shop, Lemonade Stand, and Cookie Tycoon.
Peanuts and Crackerjacks: Economics of Pro Team Sports
from the Federal Reserve Bank of Boston.
is an app that lets you snap a picture of a brand's logo with your phone or tablet and get essential facts about American corporations, including amount of taxes paid, political contributions made, and government subsidies received. The app is produced by the filmmaker of
As Goes Janesville
about laid-off GM workers in Wisconsin.
Sole Proprietorship: A business operated by a single individual
Small flower shop in Madrid, Spain
, also known as the
or simply a
, is a type of
that is owned and run by one individual and in which there is no legal distinction between the owner and the
The owner receives all profits (subject to taxation specific to the
) and has unlimited responsibility for all losses and
." for more read the article posted on wikipedia -->
Good examples of sole proprietorships could be flower shops, bake shops, pizza places etc.
Image from Tuggle Duggins Attorneys at Law
Partnership- consists of two different types of a partnership
manage company and assume responsibility for
and other obligations of the company.
"A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners." for more information on Partnerships check out this link -->
Advice on Partnerships
by the Small Business Administration
Corporation- a business that is owned by a number of stockholders who share in the firm's profits and losses
Protest Against Wal-Mart, the largest American corporation
Click here for
2015 ranking of top 10 American companies
from Fortune Magazine.
First Product Coupon, circa 1888
10 Giant Corporations That Have Taken Over Much of American Life
Nestle (also owns Purina Pet products, Gerber Baby food, Ralph Lauren cologne, Garner Hair products)
Proctor and Gamble
Johnson & Johnson
Public views of the Citizens United decision, 2010
Our Hidden History of Corporations in the United States
Go here for
debates over Corporate Personhood
and a draft of a constitutional amendment to revoke corporations constitutional rights
Citizens United v. Federal Education Commission
Corporate Equality Index 2016: Rating U.S. Workplaces on LGBTQ Equality
See Special Topic Page about The Trump Organization LLC
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